Civic Intelligence

Afsa Building Company

990 • Fiscal year 2014 • EIN 03-0530720

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 23, 2014

Organization ProfileN/A
100 Vadnais BlvdVadnais Hts, MN 55127

(651) 209-3910

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.20x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

97th percentile

12.53x

Higher debt load relative to revenue than 97% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

16th percentile

-11%

Higher net margin than 16% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

52nd percentile

$121,830

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 18.4% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

18th percentile

-4.3%

Faster asset growth than 18% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

65th percentile

10.0%

Faster revenue growth than 65% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$6,890,319

Down $311,495 (-4.3%) from 2013

Net Assets

Down

-$1,408,126

Down $249,113 (-21%) from 2013

Liabilities

Down

$8,298,445

Down $62,382 (-0.7%) from 2013

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin16th percentile

Revenue

Up

$662,205

Up $59,987 (+10.0%) from 2013

Expenses

Down

$737,061

Down $7,330 (-1.0%) from 2013

Net Income

Up

-$74,856

Up $67,317 (+47%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0-$5.0MAssets 2011: $7,492,977Liabilities 2011: $8,369,155Net Assets 2011: -$876,1782011Assets 2012: $7,347,615Liabilities 2012: $8,365,523Net Assets 2012: -$1,017,9082012Assets 2013: $7,201,814Liabilities 2013: $8,360,827Net Assets 2013: -$1,159,0132013Assets 2014: $6,890,319Liabilities 2014: $8,298,445Net Assets 2014: -$1,408,1262014Assets 2015: $6,749,539Liabilities 2015: $8,314,815Net Assets 2015: -$1,565,2762015Assets 2016: $6,602,617Liabilities 2016: $8,334,294Net Assets 2016: -$1,731,6772016Assets 2017: $6,439,021Liabilities 2017: $8,350,663Net Assets 2017: -$1,911,6422017Assets 2018: $6,332,301Liabilities 2018: $8,417,033Net Assets 2018: -$2,084,7322018Assets 2019: $10,063,841Liabilities 2019: $12,915,118Net Assets 2019: -$2,851,2772019Assets 2020: $10,384,257Liabilities 2020: $13,519,270Net Assets 2020: -$3,135,0132020Assets 2021: $10,162,186Liabilities 2021: $13,437,067Net Assets 2021: -$3,274,8812021Assets 2022: $9,925,748Liabilities 2022: $13,299,557Net Assets 2022: -$3,373,8092022Assets 2023: $9,669,690Liabilities 2023: $13,103,692Net Assets 2023: -$3,434,0022023Assets 2024: $9,514,084Liabilities 2024: $12,951,992Net Assets 2024: -$3,437,9082024

Highlighted filing

2014

Assets$6,890,319
Liabilities$8,298,445
Net Assets-$1,408,126
Open 2014 Filing

Operations Trend

Revenue Growth65th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2011: $747,3892011Expenses 2012: $741,4692012Revenue 2013: $602,218Expenses 2013: $744,391Net Income 2013: -$142,1732013Revenue 2014: $662,205Expenses 2014: $737,061Net Income 2014: -$74,8562014Revenue 2015: $584,246Expenses 2015: $741,396Net Income 2015: -$157,1502015Revenue 2016: $585,227Expenses 2016: $751,628Net Income 2016: -$166,4012016Revenue 2017: $579,419Expenses 2017: $759,384Net Income 2017: -$179,9652017Revenue 2018: $586,919Expenses 2018: $760,009Net Income 2018: -$173,0902018Revenue 2019: $612,190Expenses 2019: $1,378,735Net Income 2019: -$766,5452019Revenue 2020: $722,330Expenses 2020: $1,006,066Net Income 2020: -$283,7362020Revenue 2021: $859,315Expenses 2021: $999,183Net Income 2021: -$139,8682021Revenue 2022: $877,077Expenses 2022: $976,005Net Income 2022: -$98,9282022Revenue 2023: $929,219Expenses 2023: $989,412Net Income 2023: -$60,1932023Revenue 2024: $951,786Expenses 2024: $955,692Net Income 2024: -$3,9062024

Highlighted filing

2014

Revenue$662,205
Expenses$737,061
Net Income-$74,856
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 23, 2014
Return Version
2013v4.0
Gross Receipts
$662,205
Mission and Program Overview

Mission

To provide school facilities to afsa high school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,372,390$6,234,422▼ $137,968
Savings and Temporary Cash Investments$655,167$655,897▲ $730
Cap Stk Tr Prin Current Funds$578,458$655,897▲ $77,439
Intangible Assets$174,257--
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-1,737,471$-2,064,023▼ $326,552
Total Assets$7,201,814$6,890,319▼ $311,495
Liabilities
Tax Exempt Bond Liabilities$8,033,958$8,050,327▲ $16,369
Mortgage Notes Payable Secured by Investment Property$205,000$205,000→ $0
Other Liabilities$121,869$43,118▼ $78,751
Total Liabilities$8,360,827$8,298,445▼ $62,382
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,159,013$-1,408,126▼ $249,113
Total Liabilities and Net Assets / Fund Balance$7,201,814$6,890,319▼ $311,495

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,634,422$1,163,076$6,797,498
Land$600,000-$600,000
Equipment$0$5,024$5,024
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleOtherTotal
Becky MeyerSecretary$121,830$121,830
Laura NelsonVice Chair$54,288$54,288

Board Members and Trustees

NameTitle
Rod ThompsonChair
Ron OlsonMember
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$659,442
Investment Income
$2,763
Other Revenue
$0
Change in Net Assets
$-74,856

Audited Revenue Reconciliation

Revenue per Audited Statements
$662,205
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,388,457
Total Revenue per Audited Statements
$5,050,662
Total Revenue per Form 990
$662,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$737,061
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$569,048--$569,048
Depreciation Depletion$137,968--$137,968
Insurance$14,491--$14,491
Fees for Services Other$6,116--$6,116
Fees for Services Accounting-$5,175-$5,175
Fees for Services Legal-$4,263-$4,263
Total Functional Expenses$727,623$9,438$0$737,061

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,950,711
Expenses Not Reported on Form 990$4,367,987
Total Expenses per Form 990$737,062
Expenses per Audited Statements$582,724
Expenses Not Reported on Financial Statements$154,338
Other Expense Adjustments$154,338
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Payable$43,118

Bond Issues

BondIssuerIssuedIssue PricePurpose
A41-60090972004-12-01$8,390,000FACILITY ACQUISITION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$8,390,000--$165,098

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The form 990 was prepared by an independent accounting firm and reviewed by the school's management. The reviewed draft of the form 990 was then sent to the board for final review and approval prior to filing.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to public upon request. The organization does not have a conflict of interest policy.”

Filing and Contact Details

Filer

EIN
03-0530720
Phone
6512093910

Signing Officer

Name
Becky Meyer
Title
Secretary
Phone
6512093910
Signed
2014-12-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Becky Meyer
Formed
2003
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
2
Employees
0
Volunteers
4

Preparer

Preparer
Dennis Hoogeveen
Phone
6123764500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1: EXPLANATION OF METHOD OF ACCOUNTING

“The organization follows a modified accrual method of accounting as prescribed by the minnesota department of education. The school-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“School revenue reported in a separate return 4,388,457.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“School expense reported in a separate return 4,365,946. Change in accrued interest 2,041.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Depreciation expense 137,968. Amortization of bond discount 16,370.”

Raw XML AppendixShowing 400 of 409 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOOL REVENUE REPORTED IN A SEPARATE RETURN 4,388,457.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOOL EXPENSE REPORTED IN A SEPARATE RETURN 4,365,946. CHANGE IN ACCRUED INTEREST 2,041.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DEPRECIATION EXPENSE 137,968. AMORTIZATION OF BOND DISCOUNT 16,370.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
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IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BOND ISSUE PRICE IN PART I, COLUMN (E) OF $8,390,000 IS NOT EQUAL TO THE TOTAL PROCEEDS OF ISSUE IN PART II, LINE 3 OF $8,254,907. THIS DIFFERENCE IS THE RESULT OF A $135,093 DISCOUNT ON THE BOND PAR AMOUNT OF $8,390,000.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K SUPPLENTAL INFORMATION
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0653145
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt08390000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE SCHOOL'S MANAGEMENT. THE REVIEWED DRAFT OF THE FORM 990 WAS THEN SENT TO THE BOARD FOR FINAL REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 1: EXPLANATION OF METHOD OF ACCOUNTING
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
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IRS990/TaxablePartyNotificationInd00
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0737061
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IRS990/TotalLiabilitiesEOYAmt08298445
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1408126
IRS990/TotalOtherCompensationAmt025984
IRS990/TotalProgramServiceExpensesAmt0727623
IRS990/TotalProgramServiceRevenueAmt0659442
IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0659442
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0662205
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
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IRS990/USAddress/State0MN
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IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BECKY MEYER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
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ReturnHeader/BusinessOfficerGrp/SignatureDt02014-12-23
ReturnHeader/Filer/BusinessName/BusinessNameLine10AFSA BUILDING COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0AFSA
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ReturnHeader/Filer/PhoneNum06512093910
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10220 SOUTH SIXTH STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0MINNEAPOLIS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,890,319
Liabilities
$8,298,445
Net assets
-$1,408,126
Revenue
$662,205
Expenses
$737,061
Net income
-$74,856
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.51$13.0$3.44$0.95$0.96$0.00
2023Detailed filing. Detailed filing data is available for this year.$9.67$13.1$3.43$0.93$0.99$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.93$13.3$3.37$0.88$0.98$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$13.4$3.27$0.86$1.00$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$13.5$3.14$0.72$1.01$0.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$12.9$2.85$0.61$1.38$0.77
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.33$8.42$2.08$0.59$0.76$0.17
2017Detailed filing. Detailed filing data is available for this year.$6.44$8.35$1.91$0.58$0.76$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.60$8.33$1.73$0.59$0.75$0.17
2015Detailed filing. Detailed filing data is available for this year.$6.75$8.31$1.57$0.58$0.74$0.16
2014Detailed filing. Detailed filing data is available for this year.$6.89$8.30$1.41$0.66$0.74$0.07
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$7.20$8.36$1.16$0.60$0.74$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.35$8.37$1.02$0.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.49$8.37$0.88$0.75